Plan Ledger DOL Form 5500 · updated monthly

K-Swiss401(k)

K-SWISS INC. 401(K) AND PROFIT SHARING PLAN · GLENDALE, CA · plan year 2023

Reported admin expense ratio · 2023
0.08%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

K-Swiss reported $16,202 in plan administrative expenses for 2023: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,095 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.02% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 3,471st-largest of 9,483 plans among California employers on file, and the 1,800th of 4,246 in wholesale trade. In 2023, employees put in $4.45 for every $1.00 the employer contributed; active participation has shrunk from 92 to 75 since 2022.

Plan summary
Net assets, end of year$21,350,862
Participants with balances185
Active participants75
Employer contributions$157,106
Employee contributions$699,512
Employer contribution per active participant$2,095
Average account balance$115,410
Benefits paid to participants$1,744,386
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.3M · 176 accts · $150 emplr
2023$21.4M · 185 accts · $157K emplr
2022$18.1M · 188 accts · $129K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$11,255
Investment management$4,947
Total administrative$16,202
The K-Swiss 401(k) match · 2023
Employer contribution per active participant$2,095
Median for plans this size$2,440
2024$1 per active participant
2023$2,095 per active participant
2022$1,404 per active participant

K-Swiss's 2023 employer contribution ran below the $2,440 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$11,255

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$49,795 · 0.23%
2023$16,202 · 0.08%
2022$4,138 · 0.02%
Similar plansWholesale Trade · California
Pacific Medical, Inc. CA$21.9M · 0.47%
Bizlink Technology, Inc. CA$21.8M · 0.16%
Toms Shoes, LLC CA$21.5M · 0.13%
Munchkin, Inc. CA$21.3M · 0.31%
East Bay Tire Company CA$21.3M · 0.45%
Adams Group, Inc. CA$21.2M · 0.40%
Obagi Cosmeceuticals, LLC CA$20.8M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954265988 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.